DOJ in Proposed Settlements With CBS, Fox, Tegna, Cox and Scripps on Information-Sharing
June 17 2019 - 8:39PM
Dow Jones News
By Josh Beckerman
The U.S. Justice Department said it reached proposed settlements
with five television station owners to resolve a lawsuit about the
sharing of sensitive information including "revenue pacing"
details.
The DOJ said CBS Corp. (CBS), Fox Corp. (FOX, FOXA), Tegna Inc.
(TGNA), Cox Enterprises Inc. and E.W. Scripps Co. were added as
defendants in a second amended complaint against Sinclair Broadcast
Group Inc. (SBGI).
Fox Corp. and Dow Jones parent News Corp. (NWS, NWSA, NWS.AU)
share common ownership.
The DOJ said that by exchanging revenue-pacing information,
broadcasters "were better able to anticipate whether their
competitors were likely to raise, maintain, or lower spot
advertising prices."
The proposed settlements "prohibit the direct or indirect
sharing of such competitively sensitive information."
In November, several station owners agreed to settle charges
they used third-party advertising sales rep firms to exchange
information.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 17, 2019 20:24 ET (00:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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